MFS Investment Management (MFS) has signed a distribution agreement with CheBanca through which its range of MFS Meridian funds will be available to the clients of the Italian bank.
The MFS Meridian funds, from the firm's Luxembourg flagship vehicle, include equity, fixed income and multi-asset strategies.
Andrea Baron, managing director, Italy for MFS, said: "We are delighted to partner with CheBanca, one of the most active and innovative banking companies in Italy and boasts a nationwide network of over 100 branches together with a network of financial advisers comprising more than 330 professionals. With the company's excellent reputation and MFS' long-term approach to investing, we are convinced that we will create a successful partnership enabling us to strengthen our presence in the Italian market.
"Our goal is to ensure all-round collaboration by providing CheBanca and its financial advisers with the opportunity to access MFS' high-quality strategies — and our expertise," he added.
MFS, with $485.5bn in assets under management, entered the Italian market in 2005, offering a wide range of investment strategies to clients.